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CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARIES (Tables) | 3 Months Ended
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Mar. 31, 2018
CONDENSED CONSOLIDATING BALANCE SHEET (Unaudited) | CONDENSED CONSOLIDATING BALANCE SHEET As of March 31, 2018 (Unaudited and in thousands)
ASSETS |  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
Cash and cash equivalents |  | $ | 35,420 |  |  | $ | 20,980 |  |  | $ | — |  |  | $ | 56,400 |
Accounts receivable, net of allowance |  |  | 160,505 |  |  |  | 402,926 |  |  |  | (350,797 | ) |  |  | 212,634 |
Prepaid expenses and other current assets |  |  | 2,803 |  |  |  | 22,512 |  |  |  | (5,749 | ) |  |  | 19,566 |
Total current assets |  |  | 198,728 |  |  |  | 446,418 |  |  |  | (356,546 | ) |  |  | 288,600 |
Property and equipment, net |  |  | 2,494,590 |  |  |  | 330,577 |  |  |  | 36 |  |  |  | 2,825,203 |
Goodwill |  |  | 33,057 |  |  |  | 11,722 |  |  |  | — |  |  |  | 44,779 |
Non-current deferred tax assets |  |  | — |  |  |  | 11,668 |  |  |  | (474 | ) |  |  | 11,194 |
Other assets |  |  | 460,517 |  |  |  | 52,047 |  |  |  | (417,890 | ) |  |  | 94,674 |
Total assets |  | $ | 3,186,892 |  |  | $ | 852,432 |  |  | $ | (774,874 | ) |  | $ | 3,264,450 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 274,701 |  |  | $ | 348,636 |  |  | $ | (353,879 | ) |  | $ | 269,458 |
Income taxes payable |  |  | 1,734 |  |  |  | 2,223 |  |  |  | — |  |  |  | 3,957 |
Current portion of long-term debt |  |  | 12,429 |  |  |  | — |  |  |  | — |  |  |  | 12,429 |
Total current liabilities |  |  | 288,864 |  |  |  | 350,859 |  |  |  | (353,879 | ) |  |  | 285,844 |
Long-term debt, net |  |  | 1,456,572 |  |  |  | 114,261 |  |  |  | (115,568 | ) |  |  | 1,455,265 |
Non-current deferred tax liabilities |  |  | 474 |  |  |  | — |  |  |  | (474 | ) |  |  | — |
Deferred revenue |  |  | — |  |  |  | 36,327 |  |  |  | — |  |  |  | 36,327 |
Other liabilities |  |  | 6,772 |  |  |  | 46,032 |  |  |  | — |  |  |  | 52,804 |
Total liabilities |  |  | 1,752,682 |  |  |  | 547,479 |  |  |  | (469,921 | ) |  |  | 1,830,240 |
Total stockholders' equity |  |  | 1,434,210 |  |  |  | 304,953 |  |  |  | (304,953 | ) |  |  | 1,434,210 |
Total liabilities and stockholders' equity |  | $ | 3,186,892 |  |  | $ | 852,432 |  |  | $ | (774,874 | ) |  | $ | 3,264,450 |
CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2017 (in thousands)
ASSETS |  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
Cash and cash equivalents |  | $ | 25,745 |  |  | $ | 26,438 |  |  | $ | — |  |  | $ | 52,183 |
Accounts receivable, net of allowance |  |  | 211,673 |  |  |  | 372,755 |  |  |  | (330,240 | ) |  |  | 254,188 |
Prepaid expenses and other current assets |  |  | 1,835 |  |  |  | 24,986 |  |  |  | (5,702 | ) |  |  | 21,119 |
Total current assets |  |  | 239,253 |  |  |  | 424,179 |  |  |  | (335,942 | ) |  |  | 327,490 |
Property and equipment, net |  |  | 2,467,166 |  |  |  | 335,283 |  |  |  | — |  |  |  | 2,802,449 |
Goodwill |  |  | 26,031 |  |  |  | 14,896 |  |  |  | — |  |  |  | 40,927 |
Non-current deferred tax assets |  |  | — |  |  |  | 13,193 |  |  |  | (379 | ) |  |  | 12,814 |
Other assets |  |  | 421,474 |  |  |  | 69,117 |  |  |  | (401,873 | ) |  |  | 88,718 |
Total assets |  | $ | 3,153,924 |  |  | $ | 856,668 |  |  | $ | (738,194 | ) |  | $ | 3,272,398 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 251,011 |  |  | $ | 362,701 |  |  | $ | (335,908 | ) |  | $ | 277,804 |
Income taxes payable |  |  | 1,443 |  |  |  | 1,591 |  |  |  | — |  |  |  | 3,034 |
Current portion of long-term debt |  |  | 10,000 |  |  |  | — |  |  |  | — |  |  |  | 10,000 |
Total current liabilities |  |  | 262,454 |  |  |  | 364,292 |  |  |  | (335,908 | ) |  |  | 290,838 |
Long-term debt, net |  |  | 1,437,982 |  |  |  | 114,205 |  |  |  | (115,000 | ) |  |  | 1,437,187 |
Non-current deferred tax liabilities |  |  | 379 |  |  |  | — |  |  |  | (379 | ) |  |  | — |
Deferred revenue |  |  | — |  |  |  | 39,735 |  |  |  | — |  |  |  | 39,735 |
Other liabilities |  |  | 1,501 |  |  |  | 51,529 |  |  |  | — |  |  |  | 53,030 |
Total liabilities |  |  | 1,702,316 |  |  |  | 569,761 |  |  |  | (451,287 | ) |  |  | 1,820,790 |
Total stockholders' equity |  |  | 1,451,608 |  |  |  | 286,907 |  |  |  | (286,907 | ) |  |  | 1,451,608 |
Total liabilities and stockholders' equity |  | $ | 3,153,924 |  |  | $ | 856,668 |  |  | $ | (738,194 | ) |  | $ | 3,272,398 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS (Unaudited) | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended March 31, 2018 (Unaudited and in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 307,529 |  |  | $ | 366,685 |  |  | $ | (233,298 | ) |  | $ | 440,916 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 242,185 |  |  |  | 310,264 |  |  |  | (233,298 | ) |  |  | 319,151 |
General and administrative |  |  | 8,235 |  |  |  | 16,736 |  |  |  | — |  |  |  | 24,971 |
Depreciation and amortization |  |  | 22,533 |  |  |  | 15,556 |  |  |  | — |  |  |  | 38,089 |
|  |  | 272,953 |  |  |  | 342,556 |  |  |  | (233,298 | ) |  |  | 382,211 |
OPERATING INCOME |  |  | 34,576 |  |  |  | 24,129 |  |  |  | — |  |  |  | 58,705 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 16,177 |  |  |  | 2,859 |  |  |  | — |  |  |  | 19,036 |
Other (income) expense |  |  | (118 | ) |  |  | 58 |  |  |  | 17 |  |  |  | (43 | )
|  |  | 16,059 |  |  |  | 2,917 |  |  |  | 17 |  |  |  | 18,993 |
INCOME BEFORE INCOME TAXES |  |  | 18,517 |  |  |  | 21,212 |  |  |  | (17 | ) |  |  | 39,712 |
Income tax expense |  |  | (423 | ) |  |  | (1,512 | ) |  |  | — |  |  |  | (1,935 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 18,094 |  |  |  | 19,700 |  |  |  | (17 | ) |  |  | 37,777 |
Income from equity in subsidiaries |  |  | 19,683 |  |  |  | — |  |  |  | (19,683 | ) |  |  | — |
NET INCOME |  | $ | 37,777 |  |  | $ | 19,700 |  |  | $ | (19,700 | ) |  | $ | 37,777 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS For the three months ended March 31, 2017 (Unaudited and in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments and Other |  |  | Total Consolidated Amounts |
REVENUES |  | $ | 299,515 |  |  | $ | 364,750 |  |  | $ | (218,581 | ) |  | $ | 445,684 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating |  |  | 226,637 |  |  |  | 307,247 |  |  |  | (218,581 | ) |  |  | 315,303 |
General and administrative |  |  | 8,336 |  |  |  | 16,490 |  |  |  | — |  |  |  | 24,826 |
Depreciation and amortization |  |  | 21,348 |  |  |  | 14,909 |  |  |  | — |  |  |  | 36,257 |
Asset impairments |  |  | — |  |  |  | 259 |  |  |  | — |  |  |  | 259 |
|  |  | 256,321 |  |  |  | 338,905 |  |  |  | (218,581 | ) |  |  | 376,645 |
OPERATING INCOME |  |  | 43,194 |  |  |  | 25,845 |  |  |  | — |  |  |  | 69,039 |
OTHER (INCOME) EXPENSE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  | 13,436 |  |  |  | 3,054 |  |  |  | — |  |  |  | 16,490 |
Other (income) expense |  |  | (29 | ) |  |  | 36 |  |  |  | 10 |  |  |  | 17 |
|  |  | 13,407 |  |  |  | 3,090 |  |  |  | 10 |  |  |  | 16,507 |
INCOME BEFORE INCOME TAXES |  |  | 29,787 |  |  |  | 22,755 |  |  |  | (10 | ) |  |  | 52,532 |
Income tax expense |  |  | (720 | ) |  |  | (1,765 | ) |  |  | — |  |  |  | (2,485 | )
INCOME BEFORE EQUITY IN SUBSIDIARIES |  |  | 29,067 |  |  |  | 20,990 |  |  |  | (10 | ) |  |  | 50,047 |
Income from equity in subsidiaries |  |  | 20,980 |  |  |  | — |  |  |  | (20,980 | ) |  |  | — |
NET INCOME |  | $ | 50,047 |  |  | $ | 20,990 |  |  | $ | (20,990 | ) |  | $ | 50,047 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (Unaudited) | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the three months ended March 31, 2018 (Unaudited and in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 120,543 |  |  | $ | (12,064 | ) |  | $ | — |  |  | $ | 108,479 |
Net cash provided by (used in) investing activities |  |  | (80,955 | ) |  |  | 11,105 |  |  |  | — |  |  |  | (69,850 | )
Net cash used in financing activities |  |  | (29,913 | ) |  |  | (4,499 | ) |  |  | — |  |  |  | (34,412 | )
Net increase (decrease) in cash and cash equivalents |  |  | 9,675 |  |  |  | (5,458 | ) |  |  | — |  |  |  | 4,217 |
CASH AND CASH EQUIVALENTS, beginning of period |  |  | 25,745 |  |  |  | 26,438 |  |  |  | — |  |  |  | 52,183 |
CASH AND CASH EQUIVALENTS, end of period |  | $ | 35,420 |  |  | $ | 20,980 |  |  | $ | — |  |  |  | 56,400 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the three months ended March 31, 2017 (Unaudited and in thousands)
|  | Parent |  |  | Combined Subsidiary Guarantors |  |  | Consolidating Adjustments And Other |  |  | Total Consolidated Amounts |
Net cash provided by operating activities |  | $ | 84,226 |  |  | $ | 7,265 |  |  | $ | — |  |  | $ | 91,491 |
Net cash used in investing activities |  |  | (13,642 | ) |  |  | (5,688 | ) |  |  | — |  |  |  | (19,330 | )
Net cash used in financing activities |  |  | (65,480 | ) |  |  | (1,228 | ) |  |  | — |  |  |  | (66,708 | )
Net increase in cash and cash equivalents |  |  | 5,104 |  |  |  | 349 |  |  |  | — |  |  |  | 5,453 |
CASH AND CASH EQUIVALENTS, beginning of period |  |  | 11,378 |  |  |  | 26,333 |  |  |  | — |  |  |  | 37,711 |
CASH AND CASH EQUIVALENTS, end of period |  | $ | 16,482 |  |  | $ | 26,682 |  |  | $ | — |  |  | $ | 43,164 |

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